Gala
GALA Elliott Wave ideal set up.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
Letting the market come to me.
Yes I see the overlap but my main focus will be if this moves as a nice clean impulse down, and I will use that as an anchor for a possible play.
Cheers!
GALAUSD This will give you one last opportunity to buyGALAUSD has comfortably established trading above the 1D MA200 (orange trend-line) ever since the January 09 break-out. It has long broken above the November 26 2021 Lower Highs trend-line, that was practically the trend-line that dictated the whole Bear Cycle and is officially (having made a Higher High as well) entered into the new Bull Cycle territory.
The price is now facing its most significant medium-term Resistance, which is the 0.07400 Symmetrical Pivot Level that has been in effect since October 2021. A rejection there can deliver a pull-back to the 1D MA50 (blue trend-line), which basically will be the last buy opportunity for people who missed the rally so far.
A break above that Symmetrical Pivot, which is not on the 0.382 Fibonacci by accident, should coincide with a 1W MA50 (red trend-line) test. Above that we can confidently fill all the upper Fibonacci gaps, which as you see match very well with prior Support/ Resistance levels of the Bear Cycle.
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GalaIf we imagine Gala in a hypothetical channel, the bottom of the channel can be considered as a support. If the first two green lines are broken, this analysis will be lost. In case of support at the bottom of the channel, the targets are The face is the middle line of the channel and the roof of the channel
GALAUSD Above support, targeting the next resistanceGala is consolidating sideways on a zone that was the pivot before. Now that it has flipped it to a support, the price lays eyes on the next resistance, the 0.0730 level. We can buy as long as the 200 DMA is intact. pull back to 50 DMA if broken, which can be the new buy entry point.
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The resistance has not yet been completely brokenGALA has increased in price again in the last 24 hours. With continued support in the market, without a deep pullback, GALA recorded a 40% gain, breaking through its previous high in the $0.050 range. But this resistance has not yet been completely broken. Still, the important resistance of this currency is in the range of 0.062 to 0.070 dollars, and if the price hits this level, we expect to save the full profit of short-term buyers. If the resistance at the current price of $0.050 reacts negatively, the GALA currency can make a deep correction from this area to the $0.030 range, forming a range zone. Then it will be possible to continue the trend until the main resistance.
THE NO 1 WHALE COIN GALA GOING FOR REAL VOLUMEGala is at this moment the no 1 whale coin since Shiba is also known as the whale hold coin.
Gala is a coin that holding by whales depending on DCA.
Will Gale explode coming time back to previous levels?
This is exactly what we are going to follow coming time.
There is a good chance that the Gala will show unexpected breakouts since its the whale coin no 1.
GALA/USDT Analysis in Daily 👀Hi 🤚
As can be seen in the daily chart of the Gala cryptocurrency, the price was able to break the ceiling of its descending channel upwards and have a change in nature from a downward (long-term) trend to an upward trend. This movement of the upward spike that caused the roof of the channel to break; It has created a price imbalance (FVG).
FVG can absorb the price, which in terms of price, after a strong uptrend, a correction can look logical.
Also, the RSI indicator shows the number 77, which indicates the saturation of the price, and to reach the balance, the price must be below the number 70.
The price correction can be done up to the support level of $0.0.23 and then we can expect the price to grow up to the resistance area of 0.0650.
Arztoday Team ✨
🔥GALA AND THE ROCK: DO YOU GET FOMO ON +120% PUMP? 🔥Hi friends! GALA pumps on the news about the partnership with Dwayne Johnson (The Rock) and Mark Wahlberg.
Now the price reaches the first major resistance at $0.5-0.62. This is a huge value area and I expect the reverse from this area but after some signs of bear trend.
Now the most important indicator is the anomaly growth of the volume (the biggest for the last year).
📊 TRADING PLAN FOR GALA:
1. wait for the pullback and impulse above the local highs at $0.5
2. sl collection and false breakout of this key level
3. bearish BTC
🚩 Actually, the whales can also trap the retailers by breaking the local trendline up and will dump the price after that collection of the pending orders and sl.
✅ THE MAIN TARGETS FOR GALA:
🔥 $0.4 - the value area and even number
🔥 $0.3-0.31 - the key level
🔥 $0.24-0.27 - the value area and the biggest support
Traders, what do you think will be a trigger for this DUMP? Share your trading plans in the comments!
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
GALA/USD 4h Chart #Gala - is currently retrace after experiencing a strong run of 35%.
This presents two key points of buying opportunity for investors to rebalance their portfolios .
The first point of buy is ideal for those who believe the trend will continue and the run will persist. However, if the asset droops at the first point, the second point of buy presents a great opportunity as it is the extreme point where the asset is expected to have a reaction.
Overall, this analysis is based on the perspective of an investor looking to make strategic buying decisions."
GALA Games - Critical zones$GALA Games - High time frame resistance block in red above being tested on this short squeeze.
Expecting a correction down to the gap in green to take more liquidity.
I think it's late to short now (unless given a nice B wave trigger) so this is a general bias towards some down side in the near-term towards green.
Would wait until then to hunt for longs again.